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Crude Oil prices fallen faster from today
Category: Energy Market
Posted by on October 17, 2017 at 11:55 AM
Crude Oil (New York) prices upward movement is over. It is time for correction down below $50.
The technical analysis shows that the double top, signal for down movement at least to $50 from the current $51.30. The trading strategy is to open short positions.
Also key factor for oil price is OPEC’s compliance rate with the oil production cut deal had fallen to 86 percent.

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